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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) and GrabAGun Digital Holdings Inc. (PEW). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $22.3M, roughly 2.0× GrabAGun Digital Holdings Inc.).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

GrabAGun Digital Holdings Inc operates a leading U.S. e-commerce platform selling legal firearms, ammunition, shooting accessories, and outdoor gear. It serves individual customers, licensed firearms dealers, and law enforcement across the U.S., complying with all local, state, and federal firearm sales regulations.

DX vs PEW — Head-to-Head

Bigger by revenue
DX
DX
2.0× larger
DX
$43.5M
$22.3M
PEW

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DX
DX
PEW
PEW
Revenue
$43.5M
$22.3M
Net Profit
$-3.8M
Gross Margin
9.6%
Operating Margin
-21.4%
Net Margin
-17.2%
Revenue YoY
531.3%
Net Profit YoY
EPS (diluted)
$1.59
$-0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DX
DX
PEW
PEW
Q4 25
$43.5M
Q3 25
$30.6M
$22.3M
Q2 25
$23.1M
Q1 25
$17.1M
Q1 24
$-3.2M
Q4 22
$6.2M
Q3 22
$7.1M
Q2 22
$14.1M
Net Profit
DX
DX
PEW
PEW
Q4 25
Q3 25
$150.4M
$-3.8M
Q2 25
$-13.6M
Q1 25
$-3.1M
Q1 24
$40.1M
Q4 22
$43.3M
Q3 22
$-46.7M
Q2 22
$29.3M
Gross Margin
DX
DX
PEW
PEW
Q4 25
Q3 25
9.6%
Q2 25
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Operating Margin
DX
DX
PEW
PEW
Q4 25
Q3 25
-21.4%
Q2 25
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Net Margin
DX
DX
PEW
PEW
Q4 25
Q3 25
491.3%
-17.2%
Q2 25
-58.8%
Q1 25
-18.0%
Q1 24
-1256.8%
Q4 22
697.2%
Q3 22
-655.3%
Q2 22
208.5%
EPS (diluted)
DX
DX
PEW
PEW
Q4 25
$1.59
Q3 25
$1.08
$-0.14
Q2 25
$-0.14
Q1 25
$-0.06
Q1 24
$0.64
Q4 22
$0.44
Q3 22
$-1.07
Q2 22
$0.69

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DX
DX
PEW
PEW
Cash + ST InvestmentsLiquidity on hand
$531.0M
$109.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$106.6M
Total Assets
$17.3B
$119.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
PEW
PEW
Q4 25
$531.0M
Q3 25
$491.0M
$109.5M
Q2 25
$387.5M
Q1 25
$327.4M
Q1 24
$295.7M
Q4 22
$332.0M
Q3 22
$260.4M
Q2 22
$325.7M
Stockholders' Equity
DX
DX
PEW
PEW
Q4 25
$2.5B
Q3 25
$2.0B
$106.6M
Q2 25
$1.6B
Q1 25
$1.4B
Q1 24
$958.5M
Q4 22
$901.3M
Q3 22
$771.3M
Q2 22
$842.4M
Total Assets
DX
DX
PEW
PEW
Q4 25
$17.3B
Q3 25
$14.2B
$119.8M
Q2 25
$11.3B
Q1 25
$9.0B
Q1 24
$6.3B
Q4 22
$3.6B
Q3 22
$4.0B
Q2 22
$3.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DX
DX
PEW
PEW
Operating Cash FlowLast quarter
$120.8M
$-3.1M
Free Cash FlowOCF − Capex
$-3.1M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
PEW
PEW
Q4 25
$120.8M
Q3 25
$68.3M
$-3.1M
Q2 25
$31.9M
Q1 25
$6.4M
Q1 24
$-17.1M
Q4 22
$30.1M
Q3 22
$25.5M
Q2 22
$36.2M
Free Cash Flow
DX
DX
PEW
PEW
Q4 25
Q3 25
$-3.1M
Q2 25
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
FCF Margin
DX
DX
PEW
PEW
Q4 25
Q3 25
-13.9%
Q2 25
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Capex Intensity
DX
DX
PEW
PEW
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q1 24
Q4 22
Q3 22
Q2 22
Cash Conversion
DX
DX
PEW
PEW
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q1 24
-0.43×
Q4 22
0.69×
Q3 22
Q2 22
1.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

PEW
PEW

Firearm Sales$18.1M81%
Non-Firearm Sales$4.2M19%

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